When it comes to Forex trading in the United States, selecting a broker that is CFTC (Commodity Futures Trading Commission) and NFA (National Futures Association) regulated is essential for ensuring a safe, secure, and transparent trading environment. These regulatory bodies oversee Forex brokers in the US to ensure they adhere to strict standards designed to protect traders. In this guide, we will explore the top CFTC/NFA-regulated Forex brokers in 2025, highlighting their features, regulatory standing, and why they are trusted by traders.
1. IG US
Regulation: CFTC, NFA
Overview: IG Group is a prominent and well-established broker that operates in the US under the regulatory oversight of the CFTC and NFA. The broker is known for its high-quality service, low spreads, and wide range of trading instruments. IG US is part of the IG Group, a highly respected entity in the Forex industry, with a strong global presence.
Key Features:
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Spreads: Starting from 0.6 pips on major currency pairs.
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Leverage: Up to 1:50 for retail Forex traders (in compliance with CFTC regulations).
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Trading Platforms: Offers MetaTrader 4 (MT4), ProRealTime, and a proprietary platform.
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Instruments: Offers a wide selection of trading instruments, including Forex, CFDs, and options.
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Educational Resources: Comprehensive learning tools, including webinars, trading guides, and tutorials.
Why Choose IG US?
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Strong reputation and regulatory compliance.
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Excellent customer service and reliable execution.
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Wide variety of instruments and advanced trading tools.
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Transparent pricing and excellent educational resources.
2. OANDA
Regulation: CFTC, NFA, FCA (UK), ASIC (Australia), and others
Overview: OANDA is one of the most trusted and well-regulated Forex brokers in the world, and it operates under the oversight of the CFTC and NFA in the United States. Known for its transparency, OANDA has built a solid reputation over the years. It provides traders with access to a wide range of currency pairs, including exotic pairs, and advanced trading platforms.
Key Features:
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Spreads: Starting from 1.0 pips on major Forex pairs.
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Leverage: Up to 1:50 for retail Forex clients (in line with CFTC regulations).
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Trading Platforms: Offers MetaTrader 4 (MT4), OANDA Trade (its proprietary platform), and TradingView.
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Instruments: Provides access to Forex, indices, commodities, and bonds.
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Educational Resources: Offers webinars, articles, and a knowledge base to support traders.
Why Choose OANDA?
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Long-standing reputation and regulatory oversight by multiple authorities.
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No minimum deposit requirement and low spreads.
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Wide range of educational resources and tools.
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Advanced platforms suitable for both beginners and professionals.
3. Forex.com
Regulation: CFTC, NFA
Overview: Forex.com, a subsidiary of StoneX Group, is one of the largest and most trusted US-based Forex brokers. It is fully regulated by the CFTC and NFA, ensuring a secure and transparent trading environment. Forex.com offers a wide range of services, including low spreads, competitive commissions, and a choice of powerful trading platforms.
Key Features:
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Spreads: Starting from 0.2 pips on major currency pairs.
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Leverage: Up to 1:50 for retail traders (per CFTC restrictions).
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Trading Platforms: Offers MetaTrader 4 (MT4), TradingView, and a proprietary platform (Forex.com platform).
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Instruments: Offers access to Forex, commodities, indices, and crypto trading.
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Educational Resources: Provides a wealth of educational content including webinars, trading courses, and expert analysis.
Why Choose Forex.com?
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Fully regulated in the US and other major jurisdictions.
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Low spreads and commission-free accounts.
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High-quality research tools and educational content.
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Reliable customer service and advanced platforms.
4. TD Ameritrade (thinkorswim)
Regulation: CFTC, NFA
Overview: TD Ameritrade, one of the largest US-based brokers, offers thinkorswim, a robust trading platform suitable for active traders. Regulated by the CFTC and NFA, TD Ameritrade offers Forex trading alongside a full range of other investment options. It is a highly reputable firm with strong regulatory backing, ensuring the safety of client funds.
Key Features:
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Spreads: Starting from 1.0 pips on major pairs.
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Leverage: Up to 1:50 for retail Forex traders.
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Trading Platforms: Offers thinkorswim (its proprietary platform) and MetaTrader 4 (MT4) for Forex trading.
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Instruments: Access to Forex, stocks, futures, and options.
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Educational Resources: Extensive learning resources including tutorials, webinars, and a dedicated trading education website.
Why Choose TD Ameritrade?
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Well-established and highly trusted US broker.
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A wide range of tools for both Forex and other financial instruments.
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Excellent educational resources and customer support.
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Access to advanced platforms and features for active traders.
5. Interactive Brokers
Regulation: CFTC, NFA, FCA (UK), and others
Overview: Interactive Brokers is known for its advanced trading tools and low-cost structure, making it ideal for professional and institutional traders. While it primarily caters to more advanced traders, it provides access to a wide array of markets, including Forex, commodities, stocks, and bonds. The broker is regulated by the CFTC and NFA, ensuring a high level of trust and transparency.
Key Features:
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Spreads: Competitive and depends on the account type.
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Leverage: Up to 1:50 for retail Forex traders.
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Trading Platforms: Offers the Trader Workstation (TWS) and MetaTrader 4 (MT4) for Forex.
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Instruments: Forex, stocks, ETFs, options, and futures.
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Educational Resources: Offers webinars, videos, and an extensive knowledge base for traders.
Why Choose Interactive Brokers?
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Highly regulated with global oversight.
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Excellent for professional traders due to low-cost structure and advanced tools.
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Wide range of instruments beyond Forex.
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Exceptional research and customer service.
6. Charles Schwab
Regulation: CFTC, NFA, SEC (USA)
Overview: Charles Schwab is one of the largest and most trusted US brokers, offering a range of financial services, including Forex trading. With CFTC and NFA regulation, Schwab provides a safe and secure environment for traders. While Schwab is better known for its stock and options trading services, it also offers competitive Forex trading with robust platform options.
Key Features:
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Spreads: Starting from 1.0 pips.
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Leverage: Up to 1:50 for retail traders.
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Trading Platforms: StreetSmart Edge and MetaTrader 4 (MT4) for Forex trading.
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Instruments: Forex, stocks, ETFs, options, and bonds.
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Educational Resources: Comprehensive educational resources, including articles, videos, and webinars.
Why Choose Charles Schwab?
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Trusted and well-regulated with strong customer service.
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Good selection of financial instruments beyond Forex.
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Excellent platform options and research tools.
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Competitive trading conditions with an emphasis on security.
7. NinjaTrader
Regulation: CFTC, NFA
Overview: NinjaTrader is well-known for its advanced charting and analytical tools, making it a favorite among experienced traders. With CFTC and NFA regulation, NinjaTrader offers a secure trading environment for both retail and professional traders.
Key Features:
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Spreads: Competitive with no commission for some accounts.
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Leverage: Up to 1:50 for retail Forex traders.
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Trading Platforms: NinjaTrader, a powerful platform with extensive charting and analysis features.
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Instruments: Forex, stocks, futures, and options.
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Educational Resources: Provides webinars, tutorials, and comprehensive trading guides.
Why Choose NinjaTrader?
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Excellent for technical analysis and active traders.
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Highly regulated with advanced trading tools.
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Low commission rates for futures and Forex traders.
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Provides a user-friendly yet powerful platform for technical traders.
Conclusion
When choosing a Forex broker in the US, it’s crucial to opt for one that is CFTC and NFA regulated to ensure that your funds are secure and that you are trading in a transparent, fair environment. The brokers listed here, such as IG US, OANDA, Forex.com, and Interactive Brokers, offer a range of features and benefits that cater to different types of traders, from beginners to professionals.
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For low spreads and commission-free trading, brokers like OANDA, Forex.com, and IG US provide a solid choice with strong regulatory protection.
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For advanced traders seeking professional-grade tools, Interactive Brokers, NinjaTrader, and TD Ameritrade are ideal with their powerful platforms and low-cost structure.
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For a full-service broker with strong educational support, Charles Schwab and OANDA offer a comprehensive suite of resources.
Ultimately, choosing a broker that is CFTC and NFA regulated will ensure that you are trading with a trusted, secure, and transparent broker. Always consider the platform features, customer support, and educational resources offered when selecting the best broker for your needs.
